Export target of USD 150 mn achievable: AIAI

Mumbai, Apr 8 (UNI) All India Association of Industries (AIAI) has termed the new export target of US dollar 150 billion by 2010 and an average growth of 20 per cent per year ''achievable,'' if the policy is implemented in 'letter and spirit'.

Welcoming the new export-import (EXIM) policy announced by Union Minister for Commerce and Industry Kamal Nath, AIAI President Vijai Kalantri, in a release issued here today, said, ''The industry needs conducive infrastructure such as seaports, airports and highways, to pave way for increased exports and also to make India a trading hub.'' However, he feels ''neutralisation of fringe benefit tax on exports and duty-free replenishment scheme are positive steps taken by the minister,'' adding that identifcation of gems and jewellery, leather, marine and metal alloy products as focus products for exports will boost these sectors and generate employment, he said.

The export policy is job-oriented and targets to create 21 million new avenues by FY'10, he expressed.

Covering the products manufactured by the village and cottage industries under the EXIM Policy will give impetus to micro sector, as these products have a good market. The boost in exports of these products will create more employment opportunities, Mr Kalantri added.

UNI VS GK VKG1429